Learn How to Make a Great Investment in a Reunion Villa
At Investments in Florida we are continually working behind the scenes to bring our readers the best possible information and opportunities as we identify them. We are constantly communicating with our network of exceptional Realtors, and traveling across the state to find the best Florida property investment opportunities to share.
Recently, we’ve been hearing a lot from our respected colleagues about Reunion, a master planned community in Kissimmee, and we headed over there to check it out. We were really impressed with the resort, it has all that our international buyers are typically looking for, and the potential to tick a lot of buyers’ boxes. Watch our video below to learn more about the best way to invest in Reunion villas for sale.
What Reunion Offers in Terms of Holiday Lifestyle
Reunion is set up on over 2200 acres, they are expected to have roughly 6000 residential units, and 1500 hotel rooms. The resort also boasts three golf courses — designed by none other than golfing legends Arnold Palmer and Jack Nicklaus — its own water park, and award-winning tennis and spa facilities.
For investors, the best part about Reunion’s location is that it’s within 15 minutes of Disney World and other attractions which draw 19 million visitors annually, and 30 minutes from Orlando International Airport.
An important consideration when looking at buying a house in Reunion is that the community offers the opportunity to have short term rentals — which is critical for those looking to make cash flow returns. It’s worth noting that in some districts, such as Orange County in Orlando, short term rentals aren’t allowed, so Kissimmee’s flexible short term rental market is a major plus point since short term rentals offer the greatest cash flow. Overall, we think Reunion’s location, facilities, lifestyle, property values and return rates make it an excellent investment.
The Opportunity – What are Customers Looking For?
Typically most holiday makers are looking to rent 4-5 bedroom homes with at least 2-3 bathrooms so that most of the guests in each bedroom get their own private bathroom. They also want a property with its own private pool. According to our colleague in Reunion who is an excellent rental manager, there are currently properties being managed/rented that are offering up to a 10% return.
To achieve this, single-family homes should be purchased for about £230,000 or less, and rented out weekly. With about 35 weeks rented at the current market rates, it will offer about 10% per year return (£23,000) — and that leaves around 17 weeks open for friends and family to enjoy the home.
We think this is a great balance for most of our clients between making healthy returns, and really getting the personal benefit of a Florida holiday villa. Want to earn even more return? Raise the rents and use it less for personal use.
We always add the caveat that in any investment property it can take some time to build up presence/awareness on the market and thus income stream, so just be aware while cash flow returns can be steady, they’re not always instant. And returns may fluctuate from year-to-year depending on how much you need to invest for capital improvements to the property. As always, how well your property performs will come back to how good the marketing and reviews are, and how well you get the message out and attract customers.
Reunion Villas for Sale
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(all data current as of 8/4/2020)
Listing information deemed reliable but not guaranteed. Read full disclaimer.